DANIEL DODERER ON CONTANGO IN STEEL MARKET UPDATE

Contango in the steel market has shifted, with April futures up over 8% for the second week to $947, driven by the reinstated 25% U.S. steel tariff and domestic mill price hikes. Daniel Doderer, featured in the latest Steel Market Update, explains how the shift signals rising near-term demand, with a likely price floor at $830. While liquidity is surging and 2025 demand looks strong, the rally’s peak remains uncertain.